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Updated 10 months ago on . Most recent reply

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Zachary Schimenz
63
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45
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WARNING: Don't Use Ohio Cash Flow unless you want to lose thousands of dollars

Zachary Schimenz
Posted

I'll keep this short. I bought a property from them for $85,000. After I bought it the property appraised for LESS THAN HALF that amount. On top of that they promised a "fully renovated property" - then a few years later I get hit with a $26,000 renovation bill when the tenants got evicted (great work on the tenant screening guys). All in all I've lost over $25,000 on this property and will probably lose more before I can get rid of it. But you can see the pics below and make your own judgement.

Since then I've talked to others in the industry, and when I mention Ohiocashflow they kinda go "ohhhh......" like "yea, we've seen this before..."

Most Popular Reply

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28,219
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,260
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28,219
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied

I worked with @Engelo Rumora before.

We were in a Zoom meeting this one time. At first everything seemed fine and professional.

Then he got up, and to my horror, the man wasn't even wearing pants.

C'mon guys......We really making hate posts about PM's when a low income tenant trashes a unit?

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